Ah, when L&H re capital was plentiful. (Reinsurance).(life and health reinsurance business)

National Underwriter Life & Health-Financial Services Edition, July, 2003 by Tiller, John E.

Until recently, capital was barely an issue in the life and health reinsurance business.

The business was growing profitably and experience was stable. Profitability was fueled by bouyant investment markets and mortality improvements.

What has happened to change that happy state? As in so many situations in business, no one factor is responsible for the reversal. Rather, several factors have combined to bring capital adequacy, quality of capital and return on capital under the spotlight.

Some of those factors relate to the life reinsurance business itself and some are extraneous but have had significant effects on the industry.

Sins of the Parent. Many of the world's largest life reinsurers are part of corporate groups that include...

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